ATLANTA, June 15, 2017 (GLOBE NEWSWIRE) -- Concurrent, (NASDAQ:CCUR), a global leader in storage, protection, transformation, and delivery of visual media assets announced today the availability of Laguna TM Cache , a comprehensive multi-tiered caching solution that reduces latency and network utilization for video service providers to maximize the delivery of over-the-top (OTT) and TV Everywhere (TVE) video services to their customers.

As end-users consume video in massive amounts and in an increasing number of ways, service providers need flexible solutions in place to ensure that they can deliver content quickly and easily regardless of their customer's device or location. Designed to support the widest variety of content formats and streaming protocols, Laguna Cache optimally and intelligently caches content in private and open delivery networks. This enables OTT and TVE providers to distribute content for highly efficient delivery and to maximize the quality of experience for their customers.

Laguna Cache uses a new software-based services architecture, which offers flexible deployment options to meet increasingly changing customer requirements. Laguna runs on qualified commercial off-the-shelf (COTS) hardware, and can be licensed as a bundled hardware appliance, virtual machine, or container-based software package. This allows for on-premises hardware and software installation in the service provider's network or as part of a hybrid content delivery network (CDN).

"Today it's critical for media companies to have the ability to deploy content across multiple screens in a time and device shifted world while maintaining a high QoE - all done cost effectively," said Mukul Krishna, Global Head of Digital Media at Frost & Sullivan. "By offering media companies the flexibility of building out a best of breed ecosystem with their choice of where and how to deploy multi-tiered caching, Concurrent has stepped up to the plate to help these media companies optimize delivery of digital content to customers for multiple use cases."

About ConcurrentConcurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications focused on storing, protecting, transforming, and delivering high value media assets. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR.

Safe HarborCertain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

Important risk factors include, but are not limited to, our ability to reinvest the net proceeds from the sale of our Real-Time segment in a manner that we believe will generate an adequate return to our remaining business and the risk factors discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission ("SEC"), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

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